KRN Heat Exchanger and Refrigeration Limited manufactures fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry. The product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils, and sheet metal parts. These products are vital for the performance of cooling appliances and undergo stringent quality checks. The company adheres to some of the industry’s best-quality product accreditations.
Company's manufacturing operations are carried out at its manufacturing facility in Neemrana, Rajasthan.
Strengths And Risks
+ Relationships with leading clientele: Company has long-standing relationship with their customers since the incorporation, some of the key customers being Daikin Airconditioning Schnieder Electric Kirloskar ChillersBlue Star Climaventa Climate Technologies.
+ Established manufacturing facility: KRN HEat Exchanger and Refrigeration Limited has full service capabilities across the product cycle including product design and development, material sourcing, designing, testing and measurement infrastructure, all under one roof.
+ Effective quality control : COmpany's products go through stringent quality control checks such as Helium Leak Test, Water Leak Test, Contamination Test etc. to ensure the best quality products are supplied to customers.
+ Consistent financial performance : OCompany has grown from a single product to a multi-product manufacturing Company. They have
demonstrated consistent growth in terms of revenues and profitability.
- Key Customer Risk: Company is dependent on and derives a substantial portion of revenue from a single customer
Daikin Airconditioning India Private Limited and almost 75% of revenue is derived from top 10 key customers.
- Limited number of suppliers : Company relies on a limited number of suppliers and procures more than 50% of its raw material from the top 5 suppliers and 78% of raw materials from top 10 key suppliers.
- Raw Material Imports : Company relies on raw materials from vendors in Malaysia, South Korea, Thailand, Vietnam and China. Any shortfall in the supply of raw materials or increase in raw materials costs may adversely affect the pricing and supply of products.
- High working capital requirements: They have significant working capital requirements which are funded through borrowings. If they are unable to secure adequate working capital loans on reasonable terms it could have an adverse effect on business.
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